Bitcoin Price Today, Wednesday, June 18, 2025

The cryptocurrency market is largely moving sideways ahead of two key events: the US Federal Reserve’s interest rate decision and the release of weekly jobless claims data later today. Bitcoin (BTC), the leading cryptocurrency, briefly reached $107,253 in early trading but has since dipped below $105,500, impacted by renewed geopolitical tensions in the Middle East, according to analysts.

Despite the near-term volatility, experts highlight positive regulatory developments, including the passage of the GENIUS Act in the US and Thailand’s new five-year tax exemption for crypto investors, as signs of a maturing global crypto framework.

As of 12:13 PM on June 18, Bitcoin was trading at $105,156.58, down 1.71%, with a 24-hour trading volume of $53.03 billion, per CoinMarketCap. BTC’s price has ranged between $103,396.53 and $107,253.95 over the last 24 hours. Its market cap remains strong at $2.09 trillion, solidifying its dominance in the digital asset space.

Investors Await Fed Decision
Bitcoin is hovering near $105,000 as the market responds to Middle East tensions, said Edul Patel, co-founder and CEO of Mudrex. “Retail sentiment remains cautious, but institutional interest is evident with over $412 million in net inflows to Bitcoin ETFs, indicating strong long-term conviction,” he noted.

Patel expects the market to stay range-bound ahead of the Federal Reserve’s decision. “A dovish Fed could spark a breakout past $107,700, with strong support around $102,200,” he added.

Riya Sehgal, research analyst at Delta Exchange, noted that Bitcoin is showing relative strength, holding above $105,000 with higher lows, though key resistance lies at $106,500.

GENIUS Act Clears Senate
In a major regulatory milestone, the US Senate passed the GENIUS Act with a 68–30 vote. The bill mandates that stablecoins be fully backed by liquid assets—such as US dollars or short-term Treasuries—and requires monthly reserve disclosures.

Himanshu Maradiya, founder & chairman of CIFDAQ, called the bill’s passage a pivotal moment for US crypto regulation. “It tightens oversight on offshore players like Tether while creating a favorable landscape for compliant issuers like USDC and PayPal USD,” he said. “Tether’s exclusion from US rails could reshape the stablecoin market.”

Ethereum and Altcoins Decline
Ethereum (ETH) was trading slightly lower, near $2,537.54, down 1.93%, with a 24-hour trading volume of $23.51 billion. ETH remains within a consolidation range of $2,450–$2,575, with a pattern of lower highs indicating continued caution.

Other major altcoins were also in the red:

• Solana (SOL): ↓ 4%

• Hyperliquid (HYPE): ↓ 3.92%

• Ripple (XRP): ↓ 3.5%

• Cardano (ADA): ↓ 2.72%

• Binance Coin (BNB): ↓ 0.59%

Looking ahead, Maradiya expects GENIUS-compliant stablecoins to gain traction and draw greater institutional capital. “With regulatory clarity emerging, DeFi and stablecoin infrastructure will become critical pillars of crypto’s next growth phase,” he said.

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